Accounting 101: from calculating revenues and profits to determining assets and liabilities, an essential guide to accounting basics

Description

Intro; Dedication; Introduction; Chapter 1: The Business of Accounting; Who Uses Accounting Information?; Accounting is More Than Numbers; Ancient Accounting; Modern Accounting; Accounting Rules; Generally Accepted Accounting Principles; Tracking and Measuring Success; How Accountants Can Help You; Chapter 2: Who's Who in Accounting; CPAs are Licensed; The AICPA; Bookkeeping Versus Accounting; Entertainment Accountants; Forensic Accountants; Anti-Money Laundering Specialists; CFOs Steer Corporations; Tax Accountants; Environmental Accountants; Choosing the Right Professional;"Provides information about the history of accounting, how to read corporate financial statements and track your investments, the best new technology and apps to use to keep track of your money, and more, to help readers better understand what goes into accounting"--;"A quick and easy guide to help you learn the basics of accounting. The ability to negotiate a deal. Confidence to oversee staff. Complete and accurate monitoring of expenses. In today's business climate, these are must-have skills. But all too often, comprehensive business books turn the important details of best practices into tedious reading that would put even a CEO to sleep. This bestselling series is packed with hundreds of entertaining tidbits and concepts that can't be found anywhere else. From hiring and firing to strategizing and calculating revenues, these guides can help you learn core business and career concepts--no MBA required! So whether you're a new business owner, a manager, or entry-level employee, this series has the answers you need to conduct business more efficiently"-- Intro Dedication Introduction Chapter 1: The Business of Accounting Who Uses Accounting Information? Accounting is More Than Numbers Ancient Accounting Modern Accounting Accounting Rules Generally Accepted Accounting Principles Tracking and Measuring Success How Accountants Can Help You Chapter 2: Who's Who in Accounting CPAs are Licensed The AICPA Bookkeeping Versus Accounting Entertainment Accountants Forensic Accountants Anti-Money Laundering Specialists CFOs Steer Corporations Tax Accountants Environmental Accountants Choosing the Right Professional Chapter 3: Setting the FrameworkAccounting Starts with Accounts How the Accounts Connect Debits and Credits What Counts as a Transaction The Accounting Cycle Accounting and Organization Chapter 4: Assets, Liabilities, and Equity The Accounting Equation What are Assets? Breaking Down Asset Categories A Closer Look at Current Assets The Importance of Cash A Closer Look at Fixed Assets Current Liabilities Long-Term Liabilities Equity Chapter 5: Revenues, Costs, and Expenses Revenues Cash Versus Credit The Cost-Inventory Connection Expenses Depreciation People and Payroll Earning Profits, but out of CashChapter 6: Financial Statements The Statement of Profit and Loss The Balance Sheet The Statement of Cash Flows What Financial Statements Tell You Financial Statements flow into Tax Returns How These Statements Interconnect Chapter 7: Accounting Moves Forward The Big Accounting Firms Scandals in the Accounting World Big Changes in the Industry Accounting Software Accounting Apps Accounting in the Cloud Tomorrow's Accounting Photographs About the Author Index Copyright